Invesco LLC Purchases 2,409 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Invesco LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,556 shares of the e-commerce giant's stock after purchasing an additional 2,409 shares during the period. Amazon.com accounts for about 5.8% of Invesco LLC's investment portfolio, making the stock its 3rd biggest position. Invesco LLC's holdings in Amazon.com were worth $14,185,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Navis Wealth Advisors LLC lifted its holdings in Amazon.com by 8.4% during the first quarter. Navis Wealth Advisors LLC now owns 6,292 shares of the e-commerce giant's stock worth $1,197,000 after buying an additional 489 shares during the period. Berry Wealth Group LP increased its position in shares of Amazon.com by 7.5% during the first quarter. Berry Wealth Group LP now owns 6,297 shares of the e-commerce giant's stock worth $1,198,000 after purchasing an additional 441 shares in the last quarter. G2 Capital Management LLC OH increased its position in shares of Amazon.com by 2.5% during the first quarter. G2 Capital Management LLC OH now owns 8,765 shares of the e-commerce giant's stock worth $1,668,000 after purchasing an additional 210 shares in the last quarter. Retirement Guys Formula LLC increased its position in shares of Amazon.com by 4.2% during the first quarter. Retirement Guys Formula LLC now owns 9,967 shares of the e-commerce giant's stock worth $1,896,000 after purchasing an additional 402 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its position in shares of Amazon.com by 0.3% during the first quarter. Sheets Smith Wealth Management now owns 95,855 shares of the e-commerce giant's stock worth $18,237,000 after purchasing an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 13,602,037 shares of company stock valued at $3,044,172,641 in the last 90 days. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Benchmark reaffirmed a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Evercore ISI cut their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $250.35.

Amazon.com Stock Up 0.3%

AMZN stock traded up $0.77 during midday trading on Thursday, hitting $223.96. The company's stock had a trading volume of 16,809,429 shares, compared to its average volume of 42,011,129. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 36.45, a PEG ratio of 1.69 and a beta of 1.33. The firm has a 50-day simple moving average of $212.21 and a 200-day simple moving average of $208.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the company posted $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.